We are already doing most of those things jetrodder, except the masks because we don't have enough of them so the government can't make wearing one mandatory.
You are also wrong about containment not working. It's worked very well in most of Australia and in some parts the virus has been eliminated.
Even in Melbourne there would be tens of thousands of cases now without containment.
IMO a financial collapse is more likely from letting this virus run rampant than by taking measures to slow or stop it.
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